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Home > Small Business: The New Procurement Act And How It Affects SMEs
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Originally posted on Small Business, written by Shaun Toner Commercial Business Partner.
The UK’s public procurement landscape is undergoing its most significant transformation in decades. With the Procurement Act 2023 taking effect on February 24 2025, organisations across the public and private sectors – particularly small and medium-sized enterprises (SMEs) and voluntary sector organisations – must ensure they are prepared to navigate this reformed regulatory environment.This landmark legislation aims to enhance transparency, competition and innovation in public procurement, creating a more level playing field for businesses of all sizes. One of the most impactful changes is the greater accessibility it provides to SMEs and social enterprises, allowing them to play a larger role in public sector projects.
However, with great opportunity comes the need for preparation. Organisations must act now to understand, adapt and strategically position themselves within the new procurement framework.
Read the full article on Small Business, written by Shaun Toner Commercial Business Partner.
If they haven’t already, businesses must take proactive steps to integrate these changes into their procurement strategies. SMEs, particularly those in the voluntary sector, should focus on understanding how open frameworks, weighted evaluation criteria and SME matching platforms can be leveraged to their advantage.
By fostering collaboration between framework providers, public sector buyers and voluntary sector SMEs, the future of public procurement will be more transparent, inclusive and impactful than ever before. Organisations that prepare now will be best positioned to maximise the opportunities presented by this transformative legislation.
The time to act is now – embrace the change, innovate and unlock the potential of the new procurement landscape.
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